The 1899 Wright Inn and Carriage House SOLD
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- Property Type
- Bed & Breakfast / Inn
- Guest Rooms
- 11
- Baths
- 11
- Restaurant
- No
- Owners Quarters
- Yes
- Asking Price
- $1,995,000
- Occupancy Rate
- 63%
- Average Daily Rate
- $201
- Gross Revenue
- $503,171
- Gross Revenue Multiplier
- 4
Property Overview
The 1899 Wright Inn and Carriage House is a beautiful Inn, fully restored to its former grandeur with modern amenities, on the Register of Historic Places. Located on a large corner lot in Asheville's Montford Historic District. This area is known for its wonderful turn of the century homes and its high quality Bed and Breakfast Inns. There is a storybook Carriage house on the grounds, wonderful for families or friends traveling together. Spacious grounds with lots of trees, gazebo and gardens welcomes guests. Breakfasts are always special at the Wright Inn. This Inn has had over 500 5-star reviews on TripAdvisor with a strong internet presence. Must see to appreciate this special property.
Property Description
The main house is an architectural delight. There are beautiful fireplaces with gas logs, some claw foot tubs and showers. The rooms are large and very inviting, a wonderful place to relax after a day of sight-seeing. The Carriage House is a three bedroom, one bath structure, perfect for families or a friends getaway. The Innkeepers' House is a three bedroom, 1 bath home with living room, kitchen, eating area and sunroom. This house is available for purchase at a reduced price for anyone buying the Inn. Innkeepers know that having a place to live outside the hustle and bustle of the Inn is a must.
Business Description
The Inn has a long history of taking care of its guests. A steady income and room for increase in rates. Asheville is a tourist destination given its fine local restaurants, River Arts District, breweries and lively atmosphere. The Biltmore House alone brings over 2 million visitors per year to the area.
Reason for Selling
Retirement and travel.
Terms & Asking Price
Cash or conventional loan.
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